fbpx
  • Topics
    • AI & Big Data
    • AR & VR
    • Blockchain
    • Clean Technology
    • Content & Games
    • Cybersecurity
    • Enterprise & SaaS
    • Gadgets & Electronics
    • Health & Bio
    • FinTech
    • IoT
    • Transportation & Logistics
    • Marketplaces & E-commerce
    • Ecosystem
    • Robotics
    • Investments
    • EdTech
    • Featured
  • Deals
    • Private Equity
    • Venture Capital
    • IPO & Markets
  • Interviews
    • Investors’ interviews
    • Founders’ interviews
  • Governments
  • Lists
  • MORE
    • Events
    • Startups Advice
  • Submit an Article
  • REGISTER
  • login
No Result
View All Result
No Result
View All Result
Home Accelerator

Vertex Ventures Southeast Asia and India Raise $541M

Baek-hyun by Baek-hyun
13 September 2023
in Accelerator, Venture Capital
0
Vertex Ventures Southeast Asia and India Raise $541M
7
SHARES
Share on FacebookShare on Twitter
Bookmark (0)

Please login to bookmark

No account yet? Register

Singapore-based venture capital firm Vertex Ventures Southeast Asia and India (VVSEAI) has successfully concluded its fifth funding round, raising $541 million. The figure represents an 80% increase compared to the amount raised for its previous fund, VVSEAI Fund IV, in 2019.

VVSEAI Fund V’s substantial corpus includes a dedicated co-investment envelope of $50 million, which will be utilized to invest alongside the primary fund in startups led by women founders. More than 35 percent of startups in VVSEAI Fund IV boasted at least one woman founder. 

VVSEAI’s portfolio witnessed highly successful exits, most notably from investments in companies such as Grab, FirstCry, XpressBees, and Recko. These prosperous exits generated substantial cash-on-cash returns, which is said to help investor confidence and attract both existing and new Limited Partners (LPs).

Among the LPs supporting this substantial fundraising are sovereign wealth funds, financial institutions, corporations, and family offices from Asia and Europe. Besides, additions to the LP roster include Japan Investment Corporation (JIC), International Finance Corporation (IFC), and DEG (German Development Finance Institution). 

VVSEAI Fund V has gained support from various Limited Partners (LPs), encompassing existing investors and new entrants. The LPs include sovereign wealth funds, financial institutions, corporates, and family offices spanning Asia and Europe. 

Among the newcomers are entities such as the Japan Investment Corporation (JIC), International Finance Corporation (IFC), and DEG (German Development Finance Institution). 

Ben Mathias, Managing Partner of Vertex Ventures Southeast Asia and India, highlighted the firm’s track record of cash-on-cash returns and consistent outperformance compared to industry benchmarks. 

“Our earlier funds have had superior cash-on-cash returns and are outperforming benchmarks. This track record led most of our investors from VVSEAI Fund IV to return as investors in VVSEAI Fund V and increase their allocation,” he said. 

Vertex Ventures Southeast Asia and India (VVSEAI) was founded in 2010 to drive innovation and support scalable businesses in the Southeast Asian and Indian regions. 

As an integral part of Vertex’s extensive global network of venture capital funds, VVSEAI predominantly sources its funding from international investors, with Vertex Holdings serving as the anchor investor. Vertex Holdings, in turn, is a wholly-owned subsidiary of Temasek Holdings, adding a layer of financial stability and strategic alignment to VVSEAI’s operations.

With a strong focus on identifying and backing high-growth, early-stage startups, VVSEAI has become a prominent player in the Southeast Asian and Indian startup ecosystems. Their investment scope encompasses key regions such as Singapore, India, Indonesia, Thailand, Vietnam, and Malaysia.

Read more from AsiaTechDaily:

  • Singapore’s Vertex Venture Holdings Raises Over $900M in First Round
  • Indonesian HRtech startup Pintarnya raises $8m from East Ventures, Vertex Ventures
  • Proactive For Her secures $5.5m from Vertex Ventures, Nexus Venture Partners
  • Singapore’s Neon May Consider $200 M in its Next Funding Round
  • US-Based Ares Management to Acquire Singapore’s Crescent Point Capital
Tags: FintechInvestmentSingaporeventure capital
Previous Post

Malaysia’s Stock Exchange Joins Hands with Cradle to Support Local Startups’ Listing

Next Post

Awak Technologies Raises Over $20M in Series B Funding for Home Dialysis Innovation

Related Posts

edit post
Singapore’s InterContinental Energy Attracts $115M Funding from GIC and Hy24
Energy

Singapore’s InterContinental Energy Attracts $115M Funding from GIC and Hy24

September 29, 2023
edit post
Biotech Startup Automera Raises $16 Million in Series A Round Led by ALSP and ClavystBio
Health & Bio

Biotech Startup Automera Raises $16 Million in Series A Round Led by ALSP and ClavystBio

September 27, 2023
edit post
GGV Capital Follows Sequoia’s Lead, Splits in Response to U.S.-China Tensions
Governments

GGV Capital Follows Sequoia’s Lead, Splits in Response to U.S.-China Tensions

September 22, 2023
edit post
Nila Capital Launches as Philippines’ First Student Venture Fund
Venture Capital

Nila Capital Launches as Philippines’ First Student Venture Fund

September 20, 2023
edit post
MUIP and MUFG Announce JPY 20 Billion Investment Fund for Startups
Accelerator

MUIP and MUFG Announce JPY 20 Billion Investment Fund for Startups

September 11, 2023
edit post
Brinc and Cointelegraph Collaborate to Support Web3 Startups
Accelerator

Brinc and Cointelegraph Collaborate to Support Web3 Startups

September 8, 2023
Next Post
edit post
Awak Technologies Raises Over $20M in Series B Funding for Home Dialysis Innovation

Awak Technologies Raises Over $20M in Series B Funding for Home Dialysis Innovation

No Result
View All Result

Popular Posts

  • The Top 5 Dating Apps In Asia – 2023

    81 shares
    Share 32 Tweet 20
  • Japanese EV Startup Terra Motors Raises $28 M in Series C Funding for Infrastructure Expansion

    39 shares
    Share 16 Tweet 10
  • How Rohan Gupta Co-Founder And CEO Of QuillBot Raised $4.25M To Make Writing Painless?

    18 shares
    Share 7 Tweet 5
  • Inshorts CEO Azhar Iqubal: The entrepreneur who got news curated for the Millenials & Gen Z 

    17 shares
    Share 7 Tweet 4
  • How Roland Ros, Founder Of Kumu Raised $6M To Build The #1 Grossing Social App In the Philippines?

    16 shares
    Share 6 Tweet 4
  • Kimberly Yao, CEO And Co-Founder Of CloudEats- A Pioneer Cloud Restaurant Company In SouthEast Asia

    15 shares
    Share 6 Tweet 4
  • Yoma Strategic announces plan to acquire Telenor Group’s stake in Wave Money

    12 shares
    Share 5 Tweet 3
  • Indian FinTech startup Jar raises US$32 million in Series A

    11 shares
    Share 4 Tweet 3
  • Thailand’s LINE Ecosystem Grows as Rabbit LINE Pay Becomes Part of LINE MAN Wongnai and LINE Thailand

    10 shares
    Share 4 Tweet 3
  • Awak Technologies Raises Over $20M in Series B Funding for Home Dialysis Innovation

    10 shares
    Share 4 Tweet 3




  •  Australia
  •  Austria
  •  Bangladesh
  •  Bhutan
  •  Brunei
  •  Bulgaria
  •  Cambodia
  •  Canada
  •  China
  •  Dubai
  •  Europe
  •  Finland
  •  France
  •  Germany
  •  Greater China
  •  Hong Kong
  •  India
  •  Indonesia
  •  Ireland
  •  Israel
  •  Japan
  •  Laos
  •  Lithuania
  •  Malaysia
  •  Mexico
  •  Mongolia
  •  Myanmar
  •  Nepal
  •  Netherlands
  •  New Zealand
  •  Norway
  •  Pakistan
  •  Philippines
  •  Poland
  •  Puerto Rico
  •  Qatar
  •  Russia
  •  Signapore
  •  Singapore
  •  South Korea
  •  Sweden
  •  Switzerland
  •  Taiwan
  •  Thailand
  •  Turkey
  •  Ukraine
  •  United
  •  United Kingdom
  •  United States
  •  Uzbekistan
  •  Vietnam

Topics

  • AI & Big Data
  • AR & VR
  • Blockchain
  • Clean Technology
  • Content & Games
  • Cybersecurity
  • Enterprise & SaaS
  • Gadgets & Electronics
  • Health & Bio

  • Ecosystem
  • EdTech
  • Featured
  • FinTech
  • Investments
  • IoT
  • Marketplaces & E-commerce
  • Robotics
  • Transportation & Logistics

FREE NEWSLETTER

Follow Us

Copyright © 2023 AsiaTechDaily.com| About Us | Seed accelerator| Terms of Use| Privacy Policy| Cookie Policy Contact : [email protected] | DMCA.com Protection Status | trusted by Wimgo

No Result
View All Result
  • Topics
    • AI & Big Data
    • AR & VR
    • Blockchain
    • Clean Technology
    • Content & Games
    • Cybersecurity
    • Enterprise & SaaS
    • Gadgets & Electronics
    • Health & Bio
    • FinTech
    • IoT
    • Transportation & Logistics
    • Ecosystem
    • Marketplaces & E-commerce
    • Robotics
    • Investments
    • Featured
  • Deals
    • Private Equity
    • Venture Capital
    • IPO & Markets
  • Interviews
    • Investors’ interviews
    • Founders’ interviews
  • Governments
  • Lists
  • MORE
    • Events
    • Startups Advice
  • Submit an Article
  • Forums
  • Jobs
  • REGISTER
  • Login

Copyright © 2023 AsiaTechDaily.com| About Us | Seed accelerator| Terms of Use| Privacy Policy| Cookie Policy Contact : [email protected] | DMCA.com Protection Status | trusted by Wimgo

We hope you enjoy our content, May you please give us Feedback regarding our website!

Single Post Feedback